The London borough of Enfield’s £6bn Meridian Water regeneration project puts the local council back in control, creating jobs and correcting market failures as Jamie Hailstone reports. Enfield council is working with developers Barratt London and Segro to transform an area of 210 acres, which takes in a number of former gasworks sites along the Upper Lea Valley at Edmonton, making it one of the most ambitious regeneration schemes in the country. And as the London borough’s cabinet member for economic regeneration and business Alan Sitkin explains, job creation is one of the key principles behind the Meridian Water project. ‘It would be positively unethical to regenerate a corner of one of the most deprived neighbourhoods in London and not expect the improvements to benefit local residents as far as possible,’ adds Sitkin. ‘It’s the right thing to do.’ A new mindset for Enfield residents As part of the project … (To read the full article, subscribe below)

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Jamie Hailstone is senior reporter – NewStart